First Trust Advisors LP Increases Position in Mr. Cooper Group Inc. (NASDAQ:COOP)

First Trust Advisors LP raised its position in shares of Mr. Cooper Group Inc. (NASDAQ:COOP - Free Report) by 10.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 119,924 shares of the company's stock after purchasing an additional 11,502 shares during the period. First Trust Advisors LP owned approximately 0.19% of Mr. Cooper Group worth $11,514,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Picton Mahoney Asset Management raised its holdings in shares of Mr. Cooper Group by 41.3% during the 4th quarter. Picton Mahoney Asset Management now owns 325 shares of the company's stock valued at $31,000 after buying an additional 95 shares in the last quarter. Williamson Legacy Group LLC raised its stake in shares of Mr. Cooper Group by 1.1% during the fourth quarter. Williamson Legacy Group LLC now owns 10,835 shares of the company's stock worth $1,040,000 after acquiring an additional 118 shares in the last quarter. Commonwealth Equity Services LLC raised its stake in shares of Mr. Cooper Group by 2.6% during the fourth quarter. Commonwealth Equity Services LLC now owns 4,984 shares of the company's stock worth $479,000 after acquiring an additional 128 shares in the last quarter. Dakota Wealth Management lifted its holdings in shares of Mr. Cooper Group by 0.7% in the 4th quarter. Dakota Wealth Management now owns 27,695 shares of the company's stock worth $2,659,000 after acquiring an additional 181 shares during the last quarter. Finally, Quadrant Capital Group LLC boosted its stake in shares of Mr. Cooper Group by 5.6% in the 4th quarter. Quadrant Capital Group LLC now owns 3,468 shares of the company's stock valued at $333,000 after purchasing an additional 184 shares in the last quarter. Institutional investors own 89.82% of the company's stock.

Mr. Cooper Group Stock Up 0.2 %

NASDAQ:COOP opened at $116.72 on Monday. The firm's fifty day simple moving average is $111.25 and its 200 day simple moving average is $102.56. The stock has a market cap of $7.47 billion, a P/E ratio of 11.47, a price-to-earnings-growth ratio of 0.32 and a beta of 1.17. Mr. Cooper Group Inc. has a twelve month low of $76.85 and a twelve month high of $137.60.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The company reported $2.97 earnings per share for the quarter, beating the consensus estimate of $2.81 by $0.16. Mr. Cooper Group had a return on equity of 14.76% and a net margin of 30.07%. The business had revenue of $560.00 million for the quarter, compared to analysts' expectations of $620.57 million. On average, analysts expect that Mr. Cooper Group Inc. will post 13.17 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on COOP shares. Keefe, Bruyette & Woods boosted their price target on shares of Mr. Cooper Group from $115.00 to $143.00 and gave the stock a "market perform" rating in a research note on Tuesday, April 8th. Piper Sandler cut Mr. Cooper Group from an "overweight" rating to a "neutral" rating and increased their target price for the company from $125.00 to $143.00 in a report on Friday, April 4th. JMP Securities reaffirmed a "market outperform" rating and issued a $115.00 price target on shares of Mr. Cooper Group in a research note on Thursday, February 13th. Citizens Jmp lowered Mr. Cooper Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 1st. Finally, Barclays lifted their target price on shares of Mr. Cooper Group from $130.00 to $147.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 8th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $131.14.

Insider Buying and Selling

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 30,000 shares of the firm's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $112.24, for a total transaction of $3,367,200.00. Following the completion of the transaction, the chief executive officer now owns 698,821 shares of the company's stock, valued at approximately $78,435,669.04. This trade represents a 4.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 2.33% of the stock is owned by insiders.

Mr. Cooper Group Company Profile

Mr. Cooper Group Inc, together with its subsidiaries, operates as a non-bank servicer of residential mortgage loans in the United States. The company operates through Servicing and Originations segments. The Servicing segment performs activities on behalf of investors or owners of the underlying mortgages and mortgage servicing rights, including collecting and disbursing borrower payments, investor reporting, customer service, modifying loans, performing collections, foreclosures, and the sale of real estate owned.

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